Juniper Networks, Inc. (NYSE:JNPR) Shares Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP grew its stake in shares of Juniper Networks, Inc. (NYSE:JNPR - Free Report) by 72.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 210,010 shares of the network equipment provider's stock after buying an additional 88,071 shares during the period. Brevan Howard Capital Management LP owned 0.06% of Juniper Networks worth $7,865,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Juniper Networks in the fourth quarter worth about $262,618,000. FIL Ltd raised its stake in shares of Juniper Networks by 20.5% during the 4th quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider's stock worth $477,593,000 after purchasing an additional 2,167,567 shares in the last quarter. Amundi boosted its stake in shares of Juniper Networks by 60.1% during the 4th quarter. Amundi now owns 4,157,158 shares of the network equipment provider's stock worth $159,510,000 after acquiring an additional 1,559,884 shares in the last quarter. Melqart Asset Management UK Ltd bought a new position in shares of Juniper Networks in the fourth quarter valued at approximately $43,413,000. Finally, Invesco Ltd. boosted its stake in Juniper Networks by 17.8% during the 4th quarter. Invesco Ltd. now owns 6,525,290 shares of the network equipment provider's stock valued at $244,372,000 after purchasing an additional 987,431 shares during the period. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on JNPR shares. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price for the company in a research note on Tuesday, February 4th. StockNews.com upgraded Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday. Rosenblatt Securities restated a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a research note on Friday. Barclays increased their price target on Juniper Networks from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Finally, Argus downgraded shares of Juniper Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $39.80.

Insider Activity

In other Juniper Networks news, COO Manoj Leelanivas sold 30,978 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the completion of the transaction, the chief operating officer now owns 94,771 shares in the company, valued at $3,413,651.42. This trade represents a 24.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.28% of the company's stock.

Juniper Networks Stock Performance

NYSE:JNPR opened at $36.64 on Monday. Juniper Networks, Inc. has a twelve month low of $33.42 and a twelve month high of $39.79. The business's 50-day moving average price is $35.52 and its two-hundred day moving average price is $36.70. The stock has a market cap of $12.25 billion, a P/E ratio of 42.60, a PEG ratio of 2.20 and a beta of 0.84. The company has a quick ratio of 1.14, a current ratio of 1.46 and a debt-to-equity ratio of 0.25.

Juniper Networks (NYSE:JNPR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share. As a group, equities analysts predict that Juniper Networks, Inc. will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.40%. Juniper Networks's payout ratio is 102.33%.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.

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